2704 16th Avenue S, Minneapolis, MN 55407
- $579,000
- 3,590
- SqFt
- List Price
- $579,000
- MLS#
- 6232834
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Four Plex
- Living Area
- 3,590
- Acres
- 0.17
- Subdivision
- Peters Add
- Neighborhood
- East Phillips
- Year Built
- 1902
Property Description
This property is a very solid, value-add investment property for someone looking to grow their rental portfolio or perfect for an owner occupant looking to offset their living expenses. This property boasts a ton of character with a very charming facade and an interior with many original features remaining including beautiful hardwood floors and gorgeous built-ins. The unit mix consists of three 2-bedroom units and one 5-bedroom unit. Rents are below market rate, giving an investor the opportunity to increase the income. This equity builder has a lot of potential! There is also a large two car garage. Common laundry room located in the basement. Laundry machines are leased.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- Coin-op Laundry Owned
- Tax Amount
- $10,872
- Tax Year
- 2021
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Hot Water
- Water
- City Water/Connected
- Handicap Accessible
- None
- Basement
- Full
- Garage Spaces
- 2
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Listing courtesy of Fair Trade Real Estate LLC.
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